Grocery stocks lag in retail trading

CHICAGO (CBS.MW) - Grocery store stocks got bagged in what turned out to be a pretty active day in trading Thursday for retail issues.

The S&P Retail Index
RLX, +0.00%
went down out of the gate, but reversed itself to post sharply higher gains before ending the session at 886.79, up 10.70, or better than 1 percent.

Mysteriously, Safeway Inc.
SWY, -1.00%
was the biggest decliner in early trading, down better than 11 percent before investors eased off. The grocer and supermarket distributor reported earnings of 71 cents a share that outpaced the First Call/Thomson Financial consensus of analysts' expectations by 2 cents.

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